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February 9, 2022

Money Wave Alert! Feb 9, 2022

SPY 60 Chart
The S&P 500 Index might be having an “M” pattern back down for a few days.

Markets were higher again today, as the DOW 30 and the Small Caps Indices were able to go higher than last week’s rally. But the Volume was low, and many of the Leaders like the Financials & Energy are still up near the Red Zones (probably too late to Buy for the Short term). Targets have been Hit on many Leaders, so we have raised Cash, and there are very few Investments in the Green Zone to Buy at this time. The low Volume on this up move indicates that the S&P 500 Index might be having an “M” pattern back down for a few days.

The stronger DOW 30 and S&P 500 Indices need to get above Resistance of the Red Lines (50-day avgs). Normally the Indices that made fresh New Highs in January like the S&P 500 and DOW 30 Indices should  re-test the Highs. Weaker Investments might not get back up past the Red Lines (50-day avgs.)

New Subscribers:  There are only 3 Stocks in the Green Zones, so please WAIT for more Money Wave Buy Signals soon. Money Wave pops work best when the S&P 500 Index is just coming up out of the Green Zone.

_________________________________________________________________________________________________________________

BUYS TODAY    2/9/2022    NONE TODAY

   

BUYS TOMORROW – JUMP START STOCKS  Shop for a better price earlier in the day. Only use Jump Start on the same day that a Daily Money Wave Buy Signal will occur.    

CDEV      CENTENNIAL RESOURCE DEVEL.    Wait for Money Wave Close > 20 with High Volume

TSCDY      TESCO PLC.      Wait for Money Wave Close > 20 with High Volume.   

BUYS SOON – CHARTS      WATCH LIST

XLK      TECH FUND      Money Wave must Close in the Green Zone.      

Please be patient and wait for Money Wave Buy Signals.  We will email you when they are ready. Follow on the WATCH LIST.      
The Leaders are Way Above the Green Lines (all Investments eventually return to their Green Lines). 

SELLS TODAY       

XLF      FINANCIAL FUND      Target was Hit at $41 for a 6.6 % Gain. 

_________________________________________________________________________________________________________________

DAY TRADING SETUPS.  A few Triple Buy Pops today: AMC (+11) BBIG (+14%) NVDA (+6%)  & (+RBLX (+6%).  Try out the New Side by Side layout.   

DAY TRADING FOR INDICES & LARGE CAPS CHARTS.

Bonds  were up slightly today, but are Below the Green Line.     

Crude Oil was up $0.43 today at $89.80. 

_________________________________________________________________________________________________________________

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Many like to Buy the Swing Trades just before the Close, if the Money Wave is going to create a Buy Signal (Closing > 20 and up out of the Green Zone).

Don’t Buy if the Investment has already popped up too much. Money Wave Buy Signals are usually good for a 3-6 %  move in a few days.

We will “Not Log” trades if the Reward/Risk is not at least 2:1, or Low Volume. These have more risk.   

Related Post

– CDEV

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